NY Fed's $1.7B Maiden Lane Auction Back On Track

Law360, New York (May 21, 2012, 1:46 PM EDT) -- The Federal Reserve Bank of New York on Monday set a new date for auctioning off a $1.7 billion chunk of Maiden Lane III LLC mortgage-backed securities left over from American International Group Inc.'s 2008 implosion, after postponing the sale last week.

The collection of mortgage-backed securities, known as the Duke CDO, are now set to be sold off this Thursday — exactly a week from when they had originally been planned to go on sale before the Federal Reserve realized bidders were missing some information...
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